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Wendy's - Dallas-Fort Worth (Cedar Hill) TX 404 E FM 1382 3,050 SF Retail Building Cedar Hill, TX 75104 $3,389,877 CAD ($1,111.44 CAD/SF) 4.75% Cap Rate
Investment Highlights
- 14+ Years Remaining | Scheduled Rental Increases |Options to Extend | Strong Operator (57 units)
- Along E Farm to Market Rd | J Elmer Weaver Fwy | Dense Retail Corridor | Out-parcel to Plaza at Cedar Hill
- Absolute NNN Ground Lease | Land Ownership | No State Income Tax Zero Landlord Responsibilities
- Demographics 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
• The tenant currently has 14+ years remaining with 1 (5-year) options to extend
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• New construction which will feature high quality materials, distinct design elements, and high-level finishes
• Established Franchisee with 57 units
• Wendy’s and its franchisees employ hundreds of thousands of people across over 7,000 restaurants worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• New construction which will feature high quality materials, distinct design elements, and high-level finishes
• Established Franchisee with 57 units
• Wendy’s and its franchisees employ hundreds of thousands of people across over 7,000 restaurants worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,050 SF
Building Class
B
Year Built
2000
Price
$3,389,877 CAD
Price Per SF
$1,111.44 CAD
Cap Rate
4.75%
NOI
$161,014 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.82 AC
Zoning
General Commercial
Parking
19 Spaces (6.23 Spaces per 1,000 SF Leased)
Frontage
126’ on Belt Line Rd
Amenities
- Corner Lot
- Signalized Intersection
- Drive Thru
- Monument Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16036450000060000 | Improvements Assessment | $475,165 CAD |
| Land Assessment | $697,837 CAD | Total Assessment | $1,173,003 CAD |
Property Taxes
Parcel Number
16036450000060000
Land Assessment
$697,837 CAD
Improvements Assessment
$475,165 CAD
Total Assessment
$1,173,003 CAD
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Wendy's - Dallas-Fort Worth (Cedar Hill) TX | 404 E FM 1382
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